EURGBP - Trend Momentum Bearish, Rebound from the Bearish Thrust

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EURGBP - Trend Momentum still Bearish, Rebound from the Bearish Thrust

The Trend Momentum is still Bearish. The Selling Wave is showing a reaction to the Bearish Thrust by the in increase demand. But this cannot persist. The weaker Bearish Thrust will tend to run again into the Trading Area. Indeed, even if the price has advanced from the bottom, it did not reverse the wave into the trading area. The selling wave is still persisting, for now.

Normalizing the Under Extended Price returning to the average trend price.

Details on the chart.

Major details in the Profiting Me Finance Analytical Tool.

Thank you

Girolamo Aloe
Founder of Profiting Me Finance Analytics

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